Legal Opinion
HMG/Courtland Properties, Inc. v. Gray
Court of Chancery of Delaware
Decided July 12, 1999No. Civ. A. 15789PublishedCited by 44 opinions
1Opinion of the Court
OPINION
STRINE, Vice Chancellor.
This case involves thirteen year old real estate sales transactions between HMG/Courtland Properties, Inc. as seller and two of HMG’s directors, Lee Gray and Norman Fieber as buyers. While Fieber’s self-interest in the transactions was properly disclosed, neither he nor Gray informed their fellow directors that Gray— who took the lead in negotiating the sales for HMG — had a buy-side interest. Gray’s interest was concealed from HMG for a decade and was only discovered inadvertently by the company in 1996.
In this post-trial opinion, I find that Fieber and Gray…
2Cases cited21 opinions
- Aronson v. LewisSupreme Court of Delaware · 1984
- Weinberger v. UOP, Inc.Supreme Court of Delaware · 1983
- Cede & Co. v. Technicolor, Inc.Supreme Court of Delaware · 1994
- In Re Santa Fe Pacific Corp. Shareholder LitigationSupreme Court of Delaware · 1995
- Kahn v. Lynch Communication Systems, Inc.Supreme Court of Delaware · 1994
16 more not listed; retrieve them via the Exa API.
3Cited by44 opinions
- American International Group, Inc. v. GreenbergCourt of Chancery of Delaware · 2009
- Auriga Capital Corp. v. Gatz Properties, LLCCourt of Chancery of Delaware · 2012
- Harbor Finance Partners v. HuizengaCourt of Chancery of Delaware · 1999
- Hollinger International, Inc. v. BlackCourt of Chancery of Delaware · 2004
- William Penn Partnership v. SalibaSupreme Court of Delaware · 2011
39 more not listed; retrieve them via the Exa API.